Finance and Resources Committee

Purpose

To consider matters concerning the effective and efficient use of physical and human resources, financial performance and sustainability and to provide assurance and make recommendations as appropriate to Council.

Click on Terms of Reference and Membership to see the Finance and Resources Committee's full remit.

Purpose

To consider matters concerning the effective and efficient use of physical and human resources, financial performance and sustainability and to provide assurance and make recommendations as appropriate to Council.

Terms of Reference

1. To consider, review and advice Council on financial, estates, human resources and information technology strategy, ensuring alignment with the University's overall strategy.

2. To consider and review University financial performance, including monitoring and scrutiny of:

quarterly management accounts;

financial key performance indicators;

financial impact of student recruitment and registration;

income generation and business opportunities;

efficiency and cost reduction related activity;

bank covenants.

3. To ensure compliance with all HEFCE financial requirements and obligations.

4. To consider and make recommendations to Council regarding:

the Annual Finance Statement and related documents;

HEFCE financial returns and forecasts (including TRAC);

three year budgets for the University Group including capital budget and associated cashflow;

the adoption of Financial Regulations;

the adoption of relevant policies, including Treasury Management and Investment;

borrowing policy, including approval of new borrowings;

capital expenditure plans in excess of £5 million:

fees chargeable by the University.

5. In relation to Human Resources (HR) matters, to:

consider, advise and make appropriate recommendations to Council on all aspects of HR strategy, including policy and procedures;